Hotel, Costa del Sol, Andalusia, Spain

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Hotel, Costa del Sol, Andalusia, Spain

20,500,000 €
1,952 € /m²
£17,644,000
£1,680 /m²
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  • Total area
    10,500 m²
  • Yield
    6.0%
  • Built in 
    1974
Details
Property parameters
  • Total rooms: 243
  • Hotel rating: 4
  • 11-floor building
Financial performance
  • Annual income: 1,230,000 €
Tenants
  • Fully let
Property status
  • Most recent total renovation: 2019
Transaction costs
  • Broker: 5.0%
Features
  • Balcony or terrace
  • Swimming pool
  • Garden
  • Car parks

Four-star hotel on the Costa del Sol.

Description

The 11-storey building with an area of 10,500 m² includes 243 rooms.

In 2019, the hotel was completely refurbished and renovated.

Equipment

  • restaurant
  • 2 bars
  • 3 swimming pools

Extra opportunities

A Golden Visa can be obtained with the purchase of this property (residence permit for investments).

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Financial performance

The annual income is € 1,230,000.

The yield is 6%.

All expenses for the maintenance of the hotel, as well as taxes are paid by the tenant.

Tenants

The property is fully let. The tenant is an international hotel chain.

The lease was concluded for a period of 15 years.

Transaction costs

Brokerage fee is 5%.

Location and nearby infrastructure

The hotel is located by the sea, in the tourist center of the city, with easy access to all its attractions and excellent transport links to other nearby towns.

Andalusia is situated in the south of the Iberian peninsula, in southwestern Europe, immediately south of the autonomous communities of Extremadura and Castilla-La Mancha; west of the autonomous community of Murcia and the Mediterranean Sea; east of Portugal and the Atlantic Ocean; and north of the Mediterranean Sea and the Strait of Gibraltar.

Among the autonomous communities, Andalusia is second only to Catalonia in tourism, with nearly 30 million visitors every year. The principal tourist destination in Andalusia is the Costa del Sol. Due in part to the relatively mild winter and spring climate, the south of Spain is attractive to overseas visitors–especially tourists from Northern Europe.

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